Labels:book | reckoner | sky | tree OCR: If Sperry failed to maintain the PA Fund balance at or above the mininum level, the PA Fund would be terminated (J.A) 89. 36} 1n addition, if the Trustee sou ght to remove the "free funds' through the contract's transfer provi visions, the PA Fund PinM autormatically terminate J.A. 137; S. A 519 10 559, 10 Upon termination, the contract would cease function 95 Retro IPG the cancelled pre-1968 annuities would be "repurchased by Hancock using the old 21/2 and 3% assump- tions, and the contract would revert its previous deferred an nuity form ud.: 89- -91}. The PA Fund balance r GAC 50 has exceeded the LOF since 1968 although only nominal con- tributions have been made since that tine UJ.A. 90. 38 S.C.A. 656} The 1968 amendment also contained provision for additional benefit payments prospect ...
(.png)
